FHA loans in New York
Low down payment — great for first-time buyers. Tell FundShift about your deal once and get matched — free — with loan officers who work FHA loans in New York.
What is an FHA loan?
An FHA loan is a mortgage insured by the Federal Housing Administration, part of HUD. The insurance lets approved lenders accept lower down payments and more flexible credit than many conventional loans.
How it works
- HUD guidelines allow as little as 3.5% down for borrowers with a credit score of 580 or higher.
- Borrowers pay an upfront and an annual mortgage insurance premium (MIP).
- FHA loan limits are set by county and updated every year.
Who it's for
- First-time buyers with a smaller down payment
- Borrowers rebuilding or still building credit
- Buyers with a higher debt-to-income ratio
- Property
- Primary residence only
- Documentation
- Full documentation of income, assets, and credit
- Term
- Usually 15 or 30 years
Program rules are set by the Federal Housing Administration (HUD); limits and fees are updated by the agency, and your loan officer confirms the current figures.
FundShift loan officers for FHA loans in New York
No loan officer with a public FundShift profile lists FHA loans in New York yet. You don't need to pick from a list: submit your request and lenders compete for it — FundShift routes it to the loan officers whose licensing and programs fit an FHA deal in New York.
Submit your requestWhere in New York
One request covers the whole state — including New York City, Buffalo, Rochester, Albany and Syracuse. Add your city so the match can favor loan officers who list your market.
FHA loans in New York: common questions
What is an FHA loan?
An FHA loan is a mortgage insured by the Federal Housing Administration, part of HUD. The insurance lets approved lenders accept lower down payments and more flexible credit than many conventional loans.
Who is an FHA loan a good fit for in New York?
FHA loans tend to fit first-time buyers with a smaller down payment, borrowers rebuilding or still building credit, and buyers with a higher debt-to-income ratio. Occupancy: primary residence only.
What does it take to qualify for an FHA loan?
Full documentation of income, assets, and credit. Program rules are set by the Federal Housing Administration (HUD), and the lender adds its own requirements on top.
Does an FHA loan officer need a license in New York?
Yes. An FHA loan is consumer mortgage credit, so the loan officer must be licensed to originate in New York. FundShift matches on the licensed states loan officers declare, and you can verify any loan officer at NMLS Consumer Access before you apply.
What are FHA rates like right now?
Rates depend on your credit, down payment, property, and the lender's pricing that day. FundShift doesn't publish an FHA rate it can't source — a matched loan officer quotes your actual rate.
How does FundShift match me with an FHA lender in New York?
You submit one request. FundShift scores it and routes it to a small number of loan officers who serve New York and work FHA loans, ranked on geography, specialty, and track record. FundShift is not a lender and does not make credit decisions.
How long is a typical FHA loan?
Usually 15 or 30 years.